It was another impressive week for the Forex Grid Bot demo. On the first four days of the week, it reached its daily profit target (around $100) without much of a problem. As mentioned in my prior review, you have the option of specifying which days to let the robot run. By default it does not trade on Fridays. However, I did enable Fridays just to see how it would do. It didn’t do so well today. It did close one trade profitably, but it ended the day with a floating loss of around $120 that it will need to try to clean up when the markets open on Sunday night. In future weeks I may not opt to allow it to trade on Fridays, especially given that its trading time doesn’t begin until 16 GMT, which is when a lot of Forex traders are already beginning to sign off for the weekend.

The equity on the account now sits at $3,426.27, which is a gain of +14.2% since the demo began on May 25. You’ll notice the equity curve is pretty rough at the beginning of the chart below. This marks the period when I was still trading the USD/JPY pair and also when I was experimenting a little more with the SafetyNet setting. All in all, I am very pleased with the results of this robot. Of the four EAs that we are recommending, this one is probably the one I would feel most comfortable putting money onto at this point, and I may do that soon. It’s proven to be a solid performer.

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